Melodiol Global Health Limited (ASX:ME1) has achieved strong results in the third quarter of CY2023, generating AU$1.6 million in new revenue and confirmed purchase orders as of July 17th. This follows a record-breaking second quarter with revenues of AU$4.7 million, representing a 105% increase compared to the first quarter. The total unaudited revenue for the year to date is approximately AU$8.6 million, nearing the record revenues of AU$8.7 million for the entire CY2022.
The growth is attributed to the contributions of subsidiaries Mernova Medicinal Inc., Health House International, and Creso Pharma Switzerland. Melodiol aims to capitalize on its market momentum, particularly after the successful integration of Health House International, and drive further revenue and EBITDA growth across its core divisions. The company is actively exploring opportunities to enhance shareholder value and will provide updates on its operations in the coming months.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
